Correlation Between Koza Anadolu and ICU Girisim
Can any of the company-specific risk be diversified away by investing in both Koza Anadolu and ICU Girisim at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Koza Anadolu and ICU Girisim into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Koza Anadolu Metal and ICU Girisim Sermayesi, you can compare the effects of market volatilities on Koza Anadolu and ICU Girisim and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Koza Anadolu with a short position of ICU Girisim. Check out your portfolio center. Please also check ongoing floating volatility patterns of Koza Anadolu and ICU Girisim.
Diversification Opportunities for Koza Anadolu and ICU Girisim
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Koza and ICU is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Koza Anadolu Metal and ICU Girisim Sermayesi in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ICU Girisim Sermayesi and Koza Anadolu is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Koza Anadolu Metal are associated (or correlated) with ICU Girisim. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ICU Girisim Sermayesi has no effect on the direction of Koza Anadolu i.e., Koza Anadolu and ICU Girisim go up and down completely randomly.
Pair Corralation between Koza Anadolu and ICU Girisim
If you would invest 0.00 in ICU Girisim Sermayesi on September 24, 2024 and sell it today you would earn a total of 0.00 from holding ICU Girisim Sermayesi or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 4.76% |
| Values | Daily Returns |
Koza Anadolu Metal vs. ICU Girisim Sermayesi
Performance |
| Timeline |
| Koza Anadolu Metal |
| ICU Girisim Sermayesi |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Koza Anadolu and ICU Girisim Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Koza Anadolu and ICU Girisim
The main advantage of trading using opposite Koza Anadolu and ICU Girisim positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Koza Anadolu position performs unexpectedly, ICU Girisim can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ICU Girisim will offset losses from the drop in ICU Girisim's long position.| Koza Anadolu vs. Koza Altin Isletmeleri | Koza Anadolu vs. Ipek Dogal Enerji | Koza Anadolu vs. Petkim Petrokimya Holding | Koza Anadolu vs. Kardemir Karabuk Demir |
| ICU Girisim vs. Koza Anadolu Metal | ICU Girisim vs. Politeknik Metal Sanayi | ICU Girisim vs. Cuhadaroglu Metal Sanayi | ICU Girisim vs. Trabzonspor Sportif Yatirim |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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